For the Past 60 Years, _____Have Been Applied to Structured

question 145

Multiple Choice

For the past 60 years, _____have been applied to structured tasks such as record keeping, simple clerical operations, and inventory control. ​

• A) transaction-processing systems
• B) procedural-programming systems
• C) business-analysis systems
• D) object-oriented-modelling systems

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Definitions:

Inventory Turnover

A metric demonstrating the rate at which a business's inventory is sold and restocked over a designated span.

Cost Of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Receivables Turnover

A financial metric that measures how efficiently a company collects cash from its customers by dividing net credit sales by average accounts receivable.

Collection Period

The average number of days it takes for a business to receive payments from its customers after a sale has been made.